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Daily Archives: January 10, 2008

Wal-Mart (WMT) Sales In Good Range

Posted: January 10, 2008 at 7:48 am

Wal-Mart (WMT) same-store sales rose 2.4% for the five weeks ending on January 4.Revenue at the big retailer was up 8.4% for the period to $46.6 billion. International sales moved ...
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CostCo (COST) Beats Back Weak Consumer

Posted: January 10, 2008 at 7:21 am

CostCo (COST) moved against the trend of weak consumer retail sales in December.Same-store sales rose 7 percent, boosted by higher U.S. gas prices at home and the weak dollar at ...
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Blackstone (BX) Buys GSO Capital

Posted: January 10, 2008 at 7:02 am

Blackstone and GSO Capital Partners LP have agreed in principle on terms under which Blackstone will acquire GSO. GSO is an alternative asset manager specializing in the leveraged finance marketplace, ...
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Europe Markets 1/10/2008 BCS, BHP, BP

Posted: January 10, 2008 at 6:31 am

Markets in Europe were mixed at 6.25 AM New York time.The FTSE was off a fraction to 6,271. Barclays (BCS) was up 1.1% to 464. BHP Billiton (BHP) was up ...
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Toyota (TM) And GM (GM) Vie For No.1 Spot In 2007

Posted: January 10, 2008 at 6:23 am

Toyota (TM) says that it sold 9.37 million vehicles in 2007, up 6% from the year before. According to the AP, GM (GM) has not issued numbers for last year, ...
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Morning Rumor II: Bear Stearns (BSC) And Fortress Investments Talked Merger

Posted: January 10, 2008 at 6:19 am

Bear Stearns (BSC) held preliminary talks with Fortress Investments, a listed alternative asset management firm, regarding a possible combination in the weeks before Jimmy Cayne stepped down as chief executive, ...
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Morning’s Rumor: Microsoft (MSFT) To Buy Logitech

Posted: January 10, 2008 at 6:16 am

Shares in Swiss-based computer peripherals maker Logitech International rose over 12% in Europe on rumors that Microsoft (MSFT) might the company, according to Reuters. What would Bill Gates want with ...
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Big Car Companies: A Passage To India (F)(TTM)

Posted: January 10, 2008 at 6:12 am

Now that most large global car companies have staked out positions in China, the rush in on to get market share in India. It is no wonder. The infrastructure of ...
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Merrill (MER) And Citgroup (C) To Raise Money: Where Is Warren Buffett When He’s Needed?

Posted: January 10, 2008 at 6:00 am

Citigroup (C) is in the market for another $10 billion. Merrill Lynch (MER) is looking for $3 billion to $4 billion. The subprime mess has gotten the better of them ...
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Capital One (COF): The Consumer Goes To The Mattresses

Posted: January 10, 2008 at 5:42 am

The consumer is bled dry. That is the message from an earnings warning at Capital One (COF). Mortgage lending was getting bad, but the latest news is that auto and ...
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NYSE Short Interest In Banks And Retailers Rises (WB)(MBI)(SLM)(CC)(C)(MO)(F)(TWX)(EMC)

Posted: January 10, 2008 at 4:41 am

Short interest of stocks listed on the NYSE as of December 31 showed that retailers and financial companies had sharp increases when compared to the figures on December 14.Shares sold ...
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Media Digest 1/10/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: January 10, 2008 at 4:27 am

According to Reuters, Capital One has warned that it will have lower than expected earnings.Reuters reports that Goldman Sachs (GS) sees a recession this year. Reuters reports that Tata (TTM) ...
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Asia Markets 1/10/2008

Posted: January 10, 2008 at 4:03 am

Markets in Asia were mixed.The Nikkei fell 1.5% to 14,388.The Hang Seng was down 1.4% to 27,241.The Shanghai Composite rose .4% to 5,457.Data from ReutersDouglas A. McIntyre ...
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